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UMI3 Newsletter December 2014

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18 UMIC ® UMIP ® UMI 3 INNOVATION CENTRE NEW ARRIVALS… We have seen another successful year with tenant occupancy at 96.5% and with occupancy set to achieve 100% in the next financial year. We have one new tenant set to join us in Jan 2015 and will provide further details soon. 18 ON-GOING… We are now working with Building Sustainability an energy management company who are working with us to reduce energy usage. Our first target is to reduce overall consumption of electricity by 19% in 18 months with 50% of cost savings being re invested in further energy saving measures. In monetary terms this would mean a saving of £85,674 in the first 12 months and further savings of £118,392 per annum thereafter. In addition to this if we reach our reduction target we would be under the threshold for the CRC registration scheme and this could potentially yield a further £80,000 per annum saving. Savings as at the end of Sept; the blue line showing last year's usage and the red line the same period for this year. We have seen another successful year with tenant occupancy at almost full capacity, plans are underway to develop additional office space. Savings at this point were circa £21,000 with over 100 tonnes less of CO 2 emitted. UMIC held its first energy reduction meeting with many tenant companies attending. NORTH CAMPUS INCUBATOR (NCI) NCI continues to thrive with occupancy at 100% and we are looking at ways to further enhance this facility in the new financial year.

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